Spring has arrived and we are supercharged for a bumper season in the property world. Dwelling values have been creeping up in many markets and auction clearance rates have been higher recently too. Interest rate reductions and changed lending rules have fuelled increased buyer activity, though stock volumes remain low. Overall, the housing recovery looks set to continue.
The busy Autumn selling season is in full swing, with many property bargains available as the housing market correction continues across the country. With the Federal Election looming this weekend, we can expect to see property market activity to slow a little too.
Autumn is usually the busiest time of year for property auctions around the country. But this year, many more sellers seem to be preferring private sales to auctions. While the number of auctions may be down, there are still many great homes up for sale and you may have more power to negotiate the price!
Autumn has arrived and if you’re in the market to buy a home at a bargain price, there are plenty of properties up for sale. Talk to our team of mortgage brokers today to help you start on your property journey. Check out what’s happening to our property market this month.
While February is certainly a busy time of year in most households around the country, it isn’t always the same story in our property markets. The quiet season has resulted in falling home values and low auction clearance rates in almost every capital city around the country. Here’s what’s happening to our property market this month.